Estée Lauder and Charlotte Tilbury owner walk away from merger talks

City AM — May 22, 09:45 AM

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Cosmetics giant Estée Lauder has abandoned talks with the Spanish owner of Charlotte Tilbury over a merger which would have created a $40bn fashion powerhouse.

Talks between the US cosmetics giant and Spanish beauty giant Puig ended on Thursday despite hopes that the merger could have helped both brands to compete with rival L’Oreal.

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Estée Lauder ends Puig talks

Estee Lauder and perfume maker Puig end merger talks The Independent — May 22, 13:56 PM
Estée Lauder ends merger talks with Gaultier owner Puig The Guardian — May 22, 08:42 AM
Estée Lauder and Puig end merger talks to create beauty powerhouse Irish Times — May 22, 06:38 AM
Estée Lauder stock surged after the company called off merger talks with Puig Quartz — May 22, 11:50 AM
Estee Lauder and Puig call off merger talks, keeping apart Clinique and Jean Paul Gaultier brands Associated Press — May 22, 13:44 PM